Gas Projects are Inert to Crisis
In this period of social and economic confusion, Gas projects seem to benefit from an exceptional stability.
The level of investment for gas projects is equal in 2020 to 2019.
projects
Oil & Gas and Petrochemical New Business Model
As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Oil & Gas and Petrochemical Market Outlook on Q3 2020
Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.
Oil & Gas Market Report : Mid-2020 Global Outlook
Where do we stand 6 months in 2020?
we decided to investigate the reality of data and crunch our numbers from www.projectsmartexplorer.com to make an inventory halfway through the year.
Today trends on the market give us the forecast Capital Expenditures for 2020 should end-up at the same level or above compared to 2019. Previsions for 2021 are also high, fueled by projects postponed.
Saudi Aramco $ 5 billion PetroRabigh expansion well in progress
PetroRabigh II and Sadara to double Saudi Aramco petrochemical production The PetroRabigh expansion, or PetroRabigh II, is a joint venture between Saudi Aramco and the Japanese Sumitomo Chemical while the greenfield project Sadara actually under construction is a joint venture with Dow Chemicals. But the both projects are designed to almost double Aramco’s chemicals manufacturing …
Saudi Aramco $ 5 billion PetroRabigh expansion well in progress Read More »
Italy considers how to restore its GDP with Oil and Gas
Offshore Exploration and Production ban counts days Soon after the Macondo incident, Italy proposed a moratorium that came into force in August 2010. Italy’s Legislative Decree No. 128/10 (known as DL 128) prohibited offshore exploration and production activities involving liquid hydrocarbons within 5 miles of the Italian coast. In addition, offshore drilling activities located within …
Italy considers how to restore its GDP with Oil and Gas Read More »